Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

v3.21.1
INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Indefinite-Lived Intangible Assets
The following tables present details of the Company’s total intangible assets as of December 31, 2020 and December 31, 2019.

The value of product formulation intangible asset is included in the value of Brand:
December 31, 2020
  Gross
Carrying
Amount
  Accumulated
Amortization
  Net
Carrying
Amount
  Weighted-
Average
Useful Life
(in Years)
Finite-lived intangible assets:
             
Customer contracts $ 925  $ 525  $ 400  0.5
Customer relationships 1,000  304  696  4.4
Customer list 650  217  433  3.3
Brand 4,516  766  3,750  8.3
Total finite-lived intangible assets $ 7,091  $ 1,812  $ 5,279 
 
Indefinite-lived intangible assets:
Licenses $ 19,000  N/A $ 19,000 
Total indefinite-lived intangible assets $ 19,000  N/A $ 19,000 
Total intangible assets $ 26,091  $ 1,812  $ 24,279 
December 31, 2019
  Gross
Carrying
Amount
  Accumulated
Amortization
  Net
Carrying
Amount
  Weighted-
Average
Useful Life
(in Years)
Finite-lived intangible assets:
             
Customer contracts $ 925  $ 71  $ 854  8.0
Customer relationships 1,000  122  878  5.2
Customer list 650  87  563  4.3
Brand 4,516  302  4,214  9.3
Total finite-lived intangible assets $ 7,091  $ 581  $ 6,510 
 
Indefinite-lived intangible assets:
Licenses $ 19,000  N/A $ 19,000 
Total indefinite-lived intangible assets $ 19,000  N/A $ 19,000 
Total intangible assets $ 26,091  $ 581  $ 25,510 
Schedule of Finite-Lived Intangible Assets
The following tables present details of the Company’s total intangible assets as of December 31, 2020 and December 31, 2019.

The value of product formulation intangible asset is included in the value of Brand:
December 31, 2020
  Gross
Carrying
Amount
  Accumulated
Amortization
  Net
Carrying
Amount
  Weighted-
Average
Useful Life
(in Years)
Finite-lived intangible assets:
             
Customer contracts $ 925  $ 525  $ 400  0.5
Customer relationships 1,000  304  696  4.4
Customer list 650  217  433  3.3
Brand 4,516  766  3,750  8.3
Total finite-lived intangible assets $ 7,091  $ 1,812  $ 5,279 
 
Indefinite-lived intangible assets:
Licenses $ 19,000  N/A $ 19,000 
Total indefinite-lived intangible assets $ 19,000  N/A $ 19,000 
Total intangible assets $ 26,091  $ 1,812  $ 24,279 
December 31, 2019
  Gross
Carrying
Amount
  Accumulated
Amortization
  Net
Carrying
Amount
  Weighted-
Average
Useful Life
(in Years)
Finite-lived intangible assets:
             
Customer contracts $ 925  $ 71  $ 854  8.0
Customer relationships 1,000  122  878  5.2
Customer list 650  87  563  4.3
Brand 4,516  302  4,214  9.3
Total finite-lived intangible assets $ 7,091  $ 581  $ 6,510 
 
Indefinite-lived intangible assets:
Licenses $ 19,000  N/A $ 19,000 
Total indefinite-lived intangible assets $ 19,000  N/A $ 19,000 
Total intangible assets $ 26,091  $ 581  $ 25,510 
Schedule of Finite-lived Intangible Assets Amortization Expense
The following table reflects the estimated future amortization expense for each period presented for the Company’s finite-lived intangible assets as of December 31, 2020:
Estimated
Amortization
Expense
2021 $ 1,164 
2022 764 
2023 702 
2024 585 
2025 542 
Thereafter 1,522 
Total $ 5,279